Gold Takes Breather After Selloff

NEW YORK ( TheStreet) -- Gold prices were ticking slightly higher on Friday as traders took a breather following Thursday's massive selloff.

COMEX Gold for August delivery was rising $4.70 to $1,290.90 an ounce. The gold price traded as high as 1,301.70 and as low as $1,268.70 an ounce.

"A pullback below these last levels would release significant downside towards the support around 1,228 to 1,237, 1,160 to 1,180 and 1,084 to 1,102," Natixis wrote in its Friday research. "Resistance levels are located at around 1,347 to 1,360, 1,393 to 1,400 and 1,420 to 1,423."

Silver prices for July delivery were gaining 3 cents to $19.85 an ounce, while the U.S. dollar index was sliding 0.50% to $82.16.

-- Written by Joe Deaux in New York.

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